Brussels, 26/01/2015 (Agence Europe) - Spain has given a positive response to the European Commission's wish to use Structural Funds as loans and not just subsidies. €800 million has been earmarked for Spain from European Structural and Investment Funds under the new “SME Initiative”. This will be used as a guarantee to cover at-risk projects.
The first loans lent by the banks to this initiative are expected to be available as early as this summer. These loans are expected to be less...